Tuesday, May 29, 2012

News Summary: RIM warns of operating loss, layoffs




THE WARNING: Struggling BlackBerry maker Research in Motion says it will have an operating loss in the current quarter and significant layoffs this year.

ADVISORS: RIM says it has hired J.P. Morgan and RBC Capital Markets to help the company evaluate various strategies, including opportunities to partner with other companies and license software as well as other alternatives.

BIGGER TRENDS: The once-iconic BlackBerry company is working on the launch of a new software operating system just as North Americans are abandoning their BlackBerry's for Apple's iPhone and smartphones that run Google's Android software.



Source & Image : Yahoo

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